Sound Income Strategies LLC Boosts Stock Position in Quanta Services, Inc. $PWR

Sound Income Strategies LLC boosted its holdings in shares of Quanta Services, Inc. (NYSE:PWR) by 804.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,140 shares of the construction company’s stock after acquiring an additional 1,014 shares during the quarter. Sound Income Strategies LLC’s holdings in Quanta Services were worth $532,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Y.D. More Investments Ltd purchased a new position in Quanta Services during the 4th quarter valued at $2,201,000. Capital Advisors Wealth Management LLC raised its position in Quanta Services by 16.8% during the 4th quarter. Capital Advisors Wealth Management LLC now owns 2,325 shares of the construction company’s stock valued at $981,000 after purchasing an additional 334 shares in the last quarter. Buffalo Business & Estate Services Ltd. bought a new stake in Quanta Services during the 4th quarter valued at $573,000. Sunburst Financial Group LLC raised its position in Quanta Services by 2.0% during the 4th quarter. Sunburst Financial Group LLC now owns 1,147 shares of the construction company’s stock valued at $484,000 after purchasing an additional 22 shares in the last quarter. Finally, Sowell Financial Services LLC raised its position in Quanta Services by 10.6% during the 4th quarter. Sowell Financial Services LLC now owns 1,686 shares of the construction company’s stock valued at $712,000 after purchasing an additional 161 shares in the last quarter. Hedge funds and other institutional investors own 90.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Citigroup lifted their target price on Quanta Services from $540.00 to $640.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Evercore lifted their target price on Quanta Services from $604.00 to $635.00 and gave the company an “outperform” rating in a research report on Wednesday, April 1st. Mizuho lifted their target price on Quanta Services from $537.00 to $580.00 and gave the company a “neutral” rating in a research report on Monday, March 30th. Bank of America lifted their target price on Quanta Services from $500.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, February 20th. Finally, TD Cowen lifted their target price on Quanta Services from $425.00 to $570.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Eighteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Quanta Services has an average rating of “Moderate Buy” and an average price target of $595.50.

Quanta Services Trading Up 3.7%

PWR opened at $576.23 on Thursday. The firm has a market cap of $86.22 billion, a price-to-earnings ratio of 84.74, a PEG ratio of 2.55 and a beta of 1.10. The company has a current ratio of 1.14, a quick ratio of 1.09 and a debt-to-equity ratio of 0.58. Quanta Services, Inc. has a 12 month low of $241.62 and a 12 month high of $583.73. The stock has a fifty day moving average price of $543.65 and a 200-day moving average price of $475.73.

Quanta Services (NYSE:PWR) last released its quarterly earnings results on Thursday, February 19th. The construction company reported $3.16 EPS for the quarter, topping the consensus estimate of $3.02 by $0.14. The firm had revenue of $7.84 billion during the quarter, compared to analyst estimates of $7.38 billion. Quanta Services had a return on equity of 18.10% and a net margin of 3.61%.The business’s revenue for the quarter was up 19.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.94 EPS. Quanta Services has set its FY 2026 guidance at 12.650-13.350 EPS. As a group, equities research analysts anticipate that Quanta Services, Inc. will post 9.34 earnings per share for the current fiscal year.

Quanta Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Thursday, April 2nd will be given a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, April 2nd. Quanta Services’s payout ratio is presently 6.47%.

About Quanta Services

Quanta Services, Inc is a leading specialty contractor that provides comprehensive infrastructure solutions for the electric power, pipeline and energy, and communications markets. Headquartered in Houston, Texas, the company delivers engineering, procurement, construction, installation, maintenance and repair services that support the development, modernization and ongoing operation of critical energy and communications networks.

In the electric power sector, Quanta works on transmission and distribution systems, substation construction and grid modernization projects that include integration of renewable generation and energy storage.